News of the day: Macklem's tariff warning, what 'associate member' means, whey tariff backfires, oil and gas dealmaking boom, Chinese oil imports and more

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Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Sign In or Create an Account or Bank of Canada governor Tiff Macklem says the persistent trade war with the United States and conflict in the Middle East could unravel the recent rebound in the Canadian economy and significantly slow economic growth. European Commission President Ursula von der Leyen, left, greeting Prime Minister Mark Carney during her annual keynote address to the European Parliament in Strasbourg, eastern France. Photo by Christophe Licoppe/EUROPEAN UNION/AFP via Getty Images Get the latest headlines, breaking news and columns.

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The next issue of Top Stories will soon be in your inbox. We encountered an issue signing you up. Please try again The Financial Post spoke to international business professors and experts to determine what Canada’s new partnership with the European Union could mean for its economy, how it fits with our existing trade agreement with the EU and what Canadian businesses can expect moving forward.

The whey trade will also soon be squeezed in the other direction as well, as beginning Sept. 29, the U.S. will prohibit imports of specified Canadian whey products. Photo by Annabelle GORDON/AFP via Getty Images Canadian manufacturers of protein shakes, bars and other high-protein foods are scrambling to find new sources of a key ingredient after Canada’s latest retaliatory tariffs slapped a 50 per cent levy on whey protein from the United States. An oil well in a field between Cochrane and Cremona, Alta.

Photo by NurPhoto via Getty Images files Canada’s oilpatch is barrelling toward its biggest year of dealmaking in a decade, fuelled by war-inflated crude prices and Prime Minister Mark Carney‘s support for building new pipelines. China is ramping up imports again at a time when tanker crossings dropped to one on Monday from 80 a day prior due to the renewed eruption of the conflict between the U.S. and Iran. Photo by CN-STR/AFP via Getty Images China could once again wield its hand in the crude oil market after the world’s largest importer of the fossil fuel helped keep prices from rising more than they did, say oil market analysts.

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Source: Financial Post